Technical analysis

FTSE100 Wave Analysis 8 April, 2021

FTSE100 Wave Analysis 8 April, 2021

• FTSE100 broke resistance level 6800.00

• Likely to reach resistance level 6966.00

FTSE100 index continues to rise after the earlier breakout of the key resistance level 6800.00 (which stopped the previous waves A and (i)).

The breakout of the resistance level 6800.00 accelerated the active minor impulse wave C of the ABC correction (2) from January.

FTSE100 is likely to rise further in the active impulse wave C toward the next resistance level 6966.00 (multi-month high from January, top of wave (C)) – followed by 7000.00.

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